Graduate Management News

July 2015

The Newsletter of the Graduate Management Admission Council

Global Program News

  • St. Thomas University receives $5 million for new business school. The gift, made by Gus Machado, a former member of the university’s board of trustees, is the largest in the Miami-based Catholic school’s history. Jorge Rico, an alumnus and top executive at MBF Healthcare Partners, also donated $1 million for the 40,000-square-foot building, which will cost between $13 and $15 million to complete. More fundraising is planned. The university will house programs for global entrepreneurship, trade and logistics, cyber security management and sports administration in the new school, as well as a trading room with Bloomberg terminals, a student start-up business incubator and a communications and media lab. Full accreditation from the American Association of Schools and Colleges of Business is expected shortly.
  • Cornell Tech gets major boost from Bloomberg Philanthropies. The $2 billion tech-focused business school has received a $100 million donation from Bloomberg Philanthropies to fund the construction of its New York campus. Cornell University and its academic partner the Israel Institute of Technology beat Stanford University three years ago in the bid to establish a campus on Roosevelt Island. The Bloomberg gift brings the philanthropic total for Cornell Tech to $685 million, including a $350 million donation from Charles Feeney, a Cornell alumnus who minted a fortune in duty-free stores. Cornell Tech, a complement to Cornell’s Johnson Graduate School of Management, is known as a model for graduate tech education, developing pioneering leaders and technologies for the digital age. When fully completed, the campus will span 12 acres on Roosevelt Island and house approximately 2,000 students and hundreds of faculty and staff.
  • Mason School of Business receives award for service projects. The College of William & Mary’s Raymond A. Mason School of Business recently received GMAC’s TeamMBA award, bestowed during the closing session of the Council's 45th Annual Conference in Denver, CO. Established in 2005, the award spotlights community service projects carried out by graduate management students. Mason's MBA Class of 2016 volunteered at the Blayton House & Williamsburg Housing Redevelopment Authority, Dream Catchers Therapeutic Center, Habitat for Humanity ReStore, and the Jamestown-Yorktown Foundation. This business school is a repeat TeamMBA Award recipient, also having won in 2012. From June 2014 through May 2015, 686 individuals participated in GMAC's global TeamMBA program — volunteering a total of 465 hours, and raising approximately US$45,000.
  • University of Evansville names business school dean. The University of Evansville has named Greg Rawski dean of the Schroeder Family School of Business. He has been with the university since 2005, most recently serving as the business school's associate dean. Rawski earned a PhD and MBA in international business from the University of Toledo, and a BA in business administration from Bluffton University in Ohio. He has earned several honors at the University of Evansville, including the Exemplary Teacher of the Year award and the Berger Award for scholarship.

  • SP Jain School of Management launches Mumbai campus. The SP Jain School of Global Management, already with campuses in Dubai, Singapore and Sydney, has established its fourth campus in Lower Parel, Mumbai. Amit Dasgupta will head the Mumbai campus, which will offer BBA and EMBA programs in addition to open, customized Executive Education and certificate programs.